
China Instant Retail Reaches 1.2 Trillion Yuan as Platforms Trade Subsidies for Warehouses
Alibaba and Meituan now hold 45.7 per cent and 45.3 per cent of the fast-delivery market after cutting costly meal discounts.
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Alibaba and Meituan now hold 45.7 per cent and 45.3 per cent of the fast-delivery market after cutting costly meal discounts.

TikTok Shop expanded its US broadcast sessions by 60 per cent in the first half of 2026 as live commerce sales grew rapidly.

The Chinese cloud giant is expanding its overseas computing footprint into Latin America to capture local artificial intelligence workloads.

Revenue rose 8 per cent to 112.36 billion yuan for the quarter ended June 30, missing consensus estimates as margins tightened across China and Western markets.

Quarterly net income dropped sharply as capital expenditure rose 75 per cent to 67.68 billion yuan, driven by data centre buildouts and proprietary chip deployment.

Asian equities saw mixed results as concerns over the US economy overshadowed earlier hopes for stable interest rates. Weak retail sales and consumer sentiment in the US are now shifting investor focus to upcoming earnings from major retailers.

Chinese tech giants Alibaba Group Holding and ByteDance are divesting non-core gaming and retail assets to private equity funds, reallocating significant resources to accelerate their push into artificial intelligence development across Asia.

Prominent US investors Stanley Druckenmiller and David Tepper are increasing their stakes in Chinese search giant Baidu, driven by its AI advancements. This comes as they reduce or exit positions in other major Chinese e-commerce firms like Alibaba and JD.com.

Alibaba, the Chinese technology behemoth, is set to revolutionize the way consumers search for products online. The company plans to link its artificial intelligence (AI) system Qwen to Taobao and Tmall’s online catalogues, which together comprise over 4…

Alibaba, the Chinese tech behemoth, has announced that its projected artificial intelligence (AI) investment over the next triennium will surpass the initial estimation of 380 billion yuan (US$55.96 billion). This decision has been driven by promising…

Alibaba’s artificial intelligence chatbot, Qwen, recently hit a snag in its service. An overwhelming response from customers resulted in a suspension of the coupon-issuing function, which in turn interrupted a promotional campaign aimed at expanding Qwen’s…

Alibaba Group recently unveiled significant enhancements to its Qwen artificial intelligence (AI) app. The updated capabilities allow users to carry out tasks such as ordering food delivery and making travel reservations directly through the AI chat…

Alibaba, a renowned Chinese multinational conglomerate, recently unveiled a new name for its popular food delivery service, previously known as Ele.me. This rebranding, which transforms Ele.me into Taobao Instant Commerce, marks a significant shift in the…

On Thursday, Alibaba announced the release of its Quark artificial intelligence (AI) glasses in China, signalling the tech giant’s entry into the AI wearables market that is currently led by Meta. The headset, priced starting from 1899 yuan (equivalent to…

DCS Group, previously known as Diners Club Singapore, has announced the appointment of Jia Hang as its new executive chairman. This represents the most senior leadership addition in the group’s history, underlining its ambition to revolutionise cross-border…

In Tuesday’s quarterly report, Alibaba, the Chinese e-commerce behemoth, exceeded analysts’ revenue predictions. This success was primarily attributed to the company’s significant investments in one-hour delivery services, which attracted more users to its…
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